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Restaurant business for sale in Brisbane City

  • Restaurant
  • Brisbane City QLD 4000
  • $650,000 + SAV

Red Rooster franchise - Brisbane southside! TO $30,700 per week! Lease until 2043!

Red Rooster is an Australian and New Zealand fast food restaurant chain founded in 1972. They specialize in roast chicken.

There are over 360 Red Rooster stores throughout Australia.

This Red Rooster franchise is on the Brisbane southside, approx. 7km from the CBD.

Excellent roadside visibility - cannot but not noticed!!!

The business is in an extremely high trafficked area, operating out of a professional purpose built, drive-thru site. Great parking!

Current lease runs until 2023 + 4 x 5 year options

Business size is 200m2 + large alfresco seating area

Rent is $12,100 per month + GST

No rental guarantee bond

Business was recently established within the last 5 years

Fit out is excellent and fine until 2020 when a minor upgrade is expected (Est $5,000 TBC)

Equipment will be sold unencumbered

A car is included in the sale

Annual turnover (Approx.) $1,600,000 or $30,700 per week

SAV approx. $10,000

Trading hours - Daily 9.00am 10.00pm

Reason for selling - Retirement

Approximate return to an owner operator is in the vicinity of $180,000 EBITDA

Finance of 50 - 60% against the business is available to approved applicants

For more information, please contact:

Reg Butler
0438 189 657

Business Highlights

Business ID2015496164
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Category
Last updated  20 Sep 2019
Map for Brisbane City QLD 4000Brisbane City QLD 4000
Business Brokers Network Australia
Unit 8/747 Fairfield Rd Yeerongpilly QLD 4105

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